Good Drinks Australia

Gage Roads Brewing’s Single Fin Summer Ale has propelled the Palmyra-based brewer to a quarter of solid growth, after the brew was named the nation’s fastest-growing beer brand late last year.

Perth-based Gage Roads Brewing Company is setting up shop in Sydney after securing a site for its first microbrewery and taproom in the inner-city suburb of Redfern.

Gage Roads Brewing Company has raised $8 million via a share placement, with the funds raised to go towards its new canned beer product strategy.

WA’s contemporary brewers are building on the foundations laid by modern institutions such as Little Creatures and Feral Brewing Company.

Gage Roads Brewing Company shares have lost a bit of fizz with the WA company's stock plunging to a more than two-year low after it flagged a shortfall in sales was likely contribute to a full-year guidance miss.

Gage Roads Brewing Co has taken a half-year profit hit after sales of its Good Drinks brands at national chains dipped by 25 per cent, but the Palmyra-based brewer says the sales shortfall is a temporary issue.

Gage Roads Brewing Company has increased its weekly production of packaged products by 80 per cent to meet a recent surge in demand but has cut production of draught beer and withdrawn its earnings guidance because of the uncertain outlook.

While COVID-19 affected on-premises sales at craft breweries, it reinforced the emerging ‘buy-local’ trend and fast-tracked efforts to grow sales.

Shares in Gage Roads Brewing Company are up after the company reported a strong sales recovery in May and June, due to COVID-19 restrictions easing more quickly than expected.

Gage Roads Brewing Company is raising $5.2 million through an institutional placement, with the funds being used to strengthen its balance sheet and position the company for growth.

Gage Roads Brewing Company is opening a harbourside hospitality venue in Fremantle, after securing the lease for the A Shed building in Victoria Quay.

Gage Roads Brewing Company recorded a $2.1 million loss, which it attributed to a sales shortfall in the first half of the financial year and disruption due to COVID-19.

Fremantle will be home to two new watering holes, as distillery Republic of Fremantle and brewery and distillery Running with Thieves open their doors today.

Good Drinks’ half-year results show revenue increased by 42 per cent to $27.4 million, due to the expansion of the group’s sales and marketing teams.

The state’s craft beer industry is going from strength to strength, but some of the oldest brewers still dominate the scene.

Business News spoke to three new WA breweries to learn about the message behind the brand.

The release of limited-edition beers to mark International Women’s Day will highlight opportunities for women in the male-dominated industry.

Good Drinks Australia’s underlying earnings reached $10.7 million in 2021, up substantially from last year when sales were hit by COVID-19 restrictions.

Craft brewer Little Creatures is developing a site next door to its Fremantle hospitality venue, which will become its new home.

Matso’s will have a second home on the Sunshine Coast, after Good Drinks Australia announced it had acquired a Queensland venue for $5.3 million.

Punters will be able to watch cargo ships dock while enjoying a pizza and a pint at Gage Roads Brewing Co's new waterfront brewery when it opens next Thursday.

Breweries founded over the past decade are starting to mature while the young distilling industry continues to expand.

Good Drinks Australia has signed a deal to distribute Magners Irish Cider, after the drink brand’s previous supplier Coca-Cola Europacific Partners left the alcohol business.

Good Drinks Australia expects the new deal to increase its revenue by more than 50 per cent.

Good Drinks Australia says its 22 per cent fall in earnings was a “good result” given industry-wide disruption due to the COVID-19 pandemic.

Western Australia’s largest brewer has expanded its presence in Victoria and doubled the number of venues it owns with the purchase of Stomping Ground in a deal valued at around $10 million.

Competition is driving growth and a lift in quality in the non-alcoholic drinks space.

Good Drinks Australia is banking on increased revenue streams in a bid to reach a new EBITDA target of between $25 million and $30 million in the next three years.

Craft beer players know the value of local appeal.

Good Drinks revenue has grown 80 per cent on this time last year but the Single Fin brewer is anticipating reduced spending on liquor over the next 18 months.

The owners of Gage Roads Freo and Victorian craft beer brand Stomping Ground have both pointed to weaker trading conditions in deciding to abandon a deal struck less than six months ago.

Good Drinks Australia, Stella Bella Wines and Dardanup Butchering Company are among 10 WA businesses to win a share of a new round of state government grants aiming to help develop new food and beverage projects.

Good Drinks Australia has reported record revenue of $107 million in the 2023 financial year, doubling its presence in the Australian beer market.

WA breweries have continued to grow and innovate during the past 12 months despite rising costs.

Good Drinks Australia says it remains focused on increasing volume, revenue and market share growth for the remainder of the 2024 financial year, following a productive March quarter.

ASX-listed Good Drinks Australia continues to expand its portfolio, announcing a partnership with Swedish Rekorderlig Cider to exclusively distribute the company’s products in Australia.

Business News has significantly overhauled the BN30 index, a proxy for the WA economy, with seven new additions, prompted by the exit of takeover targets MMA Offshore, APM and Decmil.

Good Drinks Australia is planning to spend around $500,000 on its flagship venue, Gage Roads Fremantle, during the 2025 financial year.

Good Drinks Australia has flagged its intent to voluntarily delist from the Australian Securities Exchange, subject to shareholder approval at next month’s annual general meeting.